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Remain short towards 1.23115.

Remain short towards 1.23115. | 25 June 2020

25 June 2020, GBP/USD

Remain short towards 1.23115.

Wave Analysis

Yesterday, the British pound rallied to the lower side after barely moving a few pips above its opening price. The price closed below its opening price. As long as the price remains below the Alligator Indicator attached, we expect nothing but a possible momentum to the lower side towards 1.23444. A break below this level will mean we are continuing to the lower side towards 1.23115. This is the continuation of the current impulsive wave (3) and should first break below 1.23444 towards 1.23115.

Trade Recommendations:

Remain short towards 1.23115.

Bob Stan
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